Report Asia - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Asia - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Animal Fats Market 2022

Animal Fats Market Size in Asia

In 2021, the Asian animal fats market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, recorded a prominent increase. As a result, consumption attained the peak level of $X, and then fell rapidly in the following year.

Animal Fats Production in Asia

In value terms, animal fats production contracted sharply to $X in 2021 estimated in export price. Over the period under review, production, however, posted a prominent increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then fell rapidly in the following year.

Production By Country in Asia

China (X tons) constituted the country with the largest volume of animal fats production, accounting for X% of total volume. Moreover, animal fats production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. Japan (X tons) ranked third in terms of total production with an X% share.

In China, animal fats production increased at an average annual rate of +X% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Japan (+X% per year).

Animal Fats Exports

Exports in Asia

In 2021, shipments abroad of animal fats and oils was finally on the rise to reach X tons after three years of decline. Over the period under review, exports recorded a pronounced expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, animal fats exports skyrocketed to $X in 2021. In general, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia was the key exporting country with an export of around X tons, which reached X% of total exports. The United Arab Emirates (X tons) held the second position in the ranking, followed by Cyprus (X tons) and China (X tons). All these countries together held near X% share of total exports. Japan (X tons), Vietnam (X tons) and Indonesia (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to animal fats exports from Saudi Arabia stood at +X%. At the same time, Cyprus (+X%), Vietnam (+X%), the United Arab Emirates (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Cyprus emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. China experienced a relatively flat trend pattern. By contrast, Indonesia (-X%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+X p.p.), Cyprus (+X p.p.), China (+X p.p.), the United Arab Emirates (+X p.p.), Vietnam (+X p.p.) and Japan (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-X p.p.) displayed negative dynamics.

In value terms, China ($X) emerged as the largest animal fats supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Japan (+X% per year) and Saudi Arabia (-X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, growing by X% against the previous year. In general, the export price saw a temperate expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cyprus (+X%), while the other leaders experienced more modest paces of growth.

Animal Fats Imports

Imports in Asia

Animal fats imports fell to X tons in 2021, with a decrease of -X% against 2020 figures. Overall, imports continue to indicate a slight decline. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, animal fats imports reduced slightly to $X in 2021. Total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2021, Saudi Arabia (X tons), distantly followed by Bangladesh (X tons), Pakistan (X tons), the Philippines (X tons), South Korea (X tons) and Kuwait (X tons) represented the key importers of animal fats and oils, together creating X% of total imports. The following importers - Azerbaijan (X tons), Japan (X tons), Turkey (X tons), Myanmar (X tons) and China (X tons) - together made up X% of total imports.

From 2012 to 2021, the biggest increases were in Azerbaijan (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising X% of total imports. Turkey, China, the Philippines, Kuwait, Azerbaijan, Pakistan, Myanmar and Bangladesh lagged somewhat behind, together accounting for a further X terms of the main importing countries, Azerbaijan, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, surging by X% against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, animal fats import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for animal fats and oils in Asia?
+
The country with the largest volume of animal fats consumption was China, accounting for 30% of total volume. Moreover, animal fats consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Japan ranked third in terms of total consumption with an 8.9% share.
What are the largest producers of animal fats and oils in Asia?
+
China remains the largest animal fats producing country in Asia, accounting for 30% of total volume. Moreover, animal fats production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was held by Japan, with an 8.9% share.
What are the leading exporters of animal fats and oils in Asia?
+
In value terms, China emerged as the largest animal fats supplier in Asia, comprising 70% of total exports. The second position in the ranking was held by Japan, with a 13% share of total exports. It was followed by Saudi Arabia, with a 5.2% share.
What are the leading importers of animal fats and oils in Asia?
+
In value terms, Saudi Arabia, Japan and South Korea were the countries with the highest levels of imports in 2021, with a combined 69% share of total imports. These countries were followed by Turkey, China, the Philippines, Kuwait, Azerbaijan, Pakistan, Myanmar and Bangladesh, which together accounted for a further 19%.
What is the average export price for animal fats and oils in Asia?
+
In 2021, the export price in Asia amounted to $4,312 per ton, picking up by 237% against the previous year.
What is the average import price for animal fats and oils in Asia?
+
In 2021, the import price in Asia amounted to $3,761 per ton, picking up by 2.8% against the previous year.

This report provides an in-depth analysis of the animal fats market in Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 10416030 - Animal fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Vietnam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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